eurocoin the lowest for a year now. The indicator developed by the Bank of Italy, which provides a real-time synthetic estimate of the current economic situation in the Eurozone in terms of GDP growth rate excluding the most erratic components (seasonality, measurement errors and short-term volatility) , in fact experienced a drop in September: settling at 0,13 against 0,19 in August, the lowest level for a year, as mentioned.
According to the press release released by the Bank of Italy, “the indicator was affected not only by the new drop in household and business confidence, but also by the weak conditions of the industrial cycle and the slowdown in foreign trade”.
